Felix Gillette

Yeah.

I mean, they just reported record sales in parks for the previous quarter.

They hit $10 billion of sales in the quarter for the first time.

But they offered this outlook today that said, in the current quarter, there are some concerns.

There's all this volatility in terms of the international market.

Are they going to have as many international visitors to the parks?

They're going to shift some of their

to try and attract more domestic visitors to the domestic parks.

There's also increased costs.

They're launching a new cruise ship.

They have a new Frozen exhibit opening in the parks in France.

So, yeah, the parks outlook for this quarter is not as good, coming off a very strong quarter.

Yeah, so the board is meeting.

They're expected to vote on Bob Iger's successor.

We've been watching this for three years now.

They are leaning towards Josh DeMauro, who's the head of parks, and we're expecting to see that vote this week.

Disney had previously said they're going to announce a successor for Bob Iger sometime before the end of March.

So things are moving forward, and it makes sense that Josh DeMauro would be in the lead at this point.

The parks and cruise division is providing the vast amounts of profit at this company, and it sort of reflects where things are at.

The experience is really working well for consumers right now, and as we've talked about, the home entertainment is still somewhat tumultuous as we make this transition from cable to streaming.